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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bonnie Bear who wrote (7272)10/25/1997 11:11:00 AM
From: Joan Osland Graffius  Read Replies (1) of 94695
 
Bonnie, >>I just see a whole lot of people going further and further into debt to buy stock long when it looks to me like stocks dressed for the coffin. this needs to come down, the bad debt is going to make this a really horrible bear instead of a trader's market. up in toronto may be different, here in US it is a big problem.

I need for you to define "big problem". It is my opinion credit card debt is a social welfare system. The credit card companies will charge high enough interest so they cover their losses and make a profit. I do not see a big problem with real estate right now..there maybe pockets in California but in general things do not seem to be out of hand here in the states--yet.

Joan
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